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Rates Round Up: April 16

Monday 16th of April 2012

New Zealand’s banks recorded an increase in profitability in the December quarter, despite their total assets shrinking by more than $6 billion.

Accounting firm KPMG’s Financial Institutions Performance Survey for the quarter showed that total assets at the big four Australian-owned banks plus Kiwibank, SBS Bank and TSB dropped to $362.2 billion, from $368.3 million in the September quar...

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